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ZIP Code · MI

ZIP 48207

Part of Detroit, MI
Pop. 20,848·Wayne County·98th most expensive ZIP in Michigan
Median rent (all units)
$1,370/mo
Year-over-Year
-12.8%
Month-over-Month
-3.5%
vs US Median
-$595
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48207 · $1,370
More affordable than 82% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$1,060
2 BR
$1,330
3 BR
$1,620
4 BR+
$1,760
Research median
$1,330/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,440/yr
At $1,370/mo median
Location
StateMI
CountyWayne County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 12.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-12.8% YoY, -3.5% MoM), not inventory.
Demographics

Who lives here

ZIP 48207 (Detroit, MI) is majority renter-occupied, has a large retiree population, has a median income below the national average, 37.3% of residents hold a bachelor's degree or higher.

Population
20,848
Median income
$47,831
Median age
40
Renters
74.2%
Age distribution
13.9%
27.2%
22.6%
13%
23.3%
Under 1813.9%
18–3427.2%
35–5422.6%
55–6413%
65+23.3%
Gender
45.5%
54.5%
Male45.5%
Female54.5%
Race & ethnicity
17.7%
74.2%
White17.7%
Black74.2%
Hispanic1.9%
Asian2.8%
Other3.4%
Education (25+)
22.8%
28.9%
37.3%
No HS diploma11.1%
HS diploma22.8%
Some college28.9%
Bachelor's+37.3%
Housing tenure
25.8%
74.2%
Owner25.8%
Renter74.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 48207 in Detroit, MI has changed in 5 years

Income
$37,139 → $47,831
up 28.8%
Population
20,142 → 20,848
up 3.5%
Renter share
73.8% → 74.2%
+0.4 pts
Bachelor's+
33.3% → 37.3%
+4.0 pts
Median age
43.2 → 40
-3.2 yrs

Local incomes tracked alongside that move, going from a median of $37,139 in 2021 to $47,831 more recently. Headcount in the area went from 20,142 to 20,848 between 2021 and 2024, a 3.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 33.3% to 37.3%.

Community

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Local insights

Tips for renters in ZIP 48207

About renting in ZIP 48207

Last updated: July 20, 2026

ZIP code 48207 covers Detroit, MI. The median rent here is $1,370/mo as of July 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,330/mo.

At 34% of local median household income ($47,831/yr), ZIP 48207 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 12.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48207?

As of July 20, 2026, the median monthly rent in ZIP 48207 (Detroit, MI) is $1,370. This is based on aggregated data from public sources and community submissions.

How does ZIP 48207 rent compare to the US average?

ZIP 48207's median rent of $1,370/mo is $595 (30%) below the US national median of $1,965/mo.

How does ZIP 48207 compare to other ZIPs in Michigan?

ZIP 48207 falls in the middle range for Michigan, ranking #98 out of 165 ZIPs at $1,370/mo.

How much income do you need to rent in ZIP 48207?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (~$26/hour full-time) to afford the median rent of $1,370/mo in ZIP 48207. The local median household income is $47,831/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 48207?

Rent in ZIP 48207 has decreased 12.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 48207 an affordable place to rent?

ZIP 48207 is considered moderate for renters. At $1,370/mo, rent takes approximately 34% of the local median household income ($47,831/yr). The standard benchmark is 30%. ZIP 48207 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 48207 residents rent vs. own?

According to Census data, approximately 74.2% of ZIP 48207 households are renters, while 25.8% are owner-occupied. With a majority renter population, ZIP 48207 has a strong rental market.

How does ZIP 48207 compare to the rest of Detroit?

ZIP 48207 is pricier than Detroit as a whole. At $1,370/mo, it's $14 above the Detroit citywide median of $1,356/mo.

When was rent data for ZIP 48207 last updated?

Rent data for ZIP 48207 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,370/mo, rent takes ~34% of ZIP 48207's median household income ($47,831/yr). The standard benchmark is 30%.

ZIP 48207 34%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48207 (Detroit, MI)

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